The Indian rupee closed firm against the U.S. dollar, tracking a subdued greenback in the global market.
The local currency strengthened eight paise to close at Rs 81.96 against the U.S dollar on Monday. It opened at Rs 82.01 against the greenback. The Indian rupee closed at 82.04 on Friday, according to Bloomberg data.
Reliance Securities expected the rupee to open around at Rs 82.0300 to Rs 82.0500 compared with Rs 82.0375 in the previous session. The trading range for the day is Rs 81.9500-82.1500, it said.
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"In the overseas markets, the U.S. dollar Index started flat against a basket of major currencies on Monday morning in Asian trading," the brokerage said in a pre-market note.
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